cryptojournalist
Barcelona-based blockchain platform Brickken has raised $2.5 million in a seed funding round, bringing its valuation to over $22.5 million. The funds will support the company’s European expansion and the development of enterprise-grade solutions for real-world asset (RWA) tokenization.
What is RWA Tokenization?
RWA tokenization involves creating digital tokens on a blockchain to represent physical or financial assets like real estate, bonds, or equities. This process makes these assets more accessible and easier to trade.
Since its launch in March 2023, Brickken has tokenized over $250 million worth of assets across 14 countries. It also serves as the official tokenization solution provider for Binance’s BNB Chain.
Funding and Expansion Plans
The $2.5 million seed round included investments from Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha, and Hodl Ventures. According to CEO Edwin Mata, the funding will:Accelerate Brickken’s growth in Europe.
Enhance the platform with new API integrations and white-label options.
Introduce AI-powered tools for asset management.
Mata emphasized the increasing global interest in tokenized products, citing improved regulatory clarity as a catalyst for growth.
The Growing Potential of RWA Tokenization
The RWA sector is expected to grow significantly, with predictions of a market size between $4 trillion and $30 trillion by 2030. This growth is driven by the technology’s ability to create liquidity and streamline trading for traditional assets.
Mata believes large financial institutions will play a critical role in scaling the sector, stating, “Tokenization is poised to become a cornerstone of the modern financial system.”
Impact of Europe’s MiCA Framework
Europe’s Markets in Crypto-Assets Regulation (MiCA), which took full effect on Dec. 30, 2024, focuses on regulating utility tokens, stablecoins, and asset-referenced tokens. However, it has little impact on platforms like Brickken that focus on tokenized securities, as these are already governed by national securities laws and corporate regulations.
While MiCA is seen as a positive step for the industry, some experts warn that overregulation could push innovation to more flexible jurisdictions.
